What is the difference between a short sale and a foreclosure?

Short Sales and Foreclosures are two financial options available to homeowners who are late on their mortgage payments. There are different reason why homeowner would choose for a short sale versus a foreclosure. In both cases, the owner is forced to part with the home but the timeline and other consequences are different in each situation. Regardless of which approach you choose, always get legal and tax advice before deciding between a short sale and a foreclosure.

Short Sale

foreclosure or short sale

Short sale, also known as a pre-foreclosure, is a sale of a property for an amount that is less than is owed on the loan secured by that property. It is often used as an alternative to foreclosure because it mitigates additional fees and cost to both creditor and borrower. If your mortgage company agrees to a short sale, you can sell your home and pay off all your mortgage balance with the proceeds. In lieu of a foreclosure, banks will often settle for a short sale, because from a lenders perspective, it’s better to recover a portion of a mortgage loan than to absorb a total loss. Allowing both the lender and thehomeowner to end up in a better position. The negative impact on the borrower’s credit score is typically

smaller in a short sale than in a foreclosure, however, a short sale usually involves a lot more paperwork for all parties.

Advantages of a short sale:

• You no longer have a mortgage payment

• You are in control of the sale, not the bank or lender.

• You will spare yourself the social stigma of the “F” word, foreclosure.

• You can buy another home in 2 years, rather than 5-7 years, if you foreclose

• You save yourself the costs and fees usually associated with foreclosure.

• Your home sale will be handled like any other home sale, with respect and dignity.

Foreclosure

7Foreclosures are initiated by lenders only. The lender takes possession of the property, which was guaranteed as collateral for the loan. Many foreclosure takes place when the homeowner has abandoned the home. If the occupants have yet to leave the home, they are evicted by the lender in the foreclosure process. After the property is foreclosed upon, the lender puts it up for sale and uses the proceeds to recover the mortgage balance. Foreclosure takes shorter time to complete than Short Sale, because the lender is concerned with liquidating the asset quickly. Foreclosed homes are auctioned off, where buyers bid on homes in a public process.

 

Consequences of a Foreclosure:

• Stress and uncertainty of not knowing exactly when you will have to leave your home

• Eviction from your home, you will lose your home and any equity that you may have established

• It will damage your credit, affecting your ability to get credit, new housing and maybe even potential employment for a couple of years.

• You will lose any relocation assistance or leasing opportunities.

• The foreclosure is kept on a person’s credit report, forfeiting your ability to get a Fannie Mae mortgage to purchase another home for at least 7 years.

If you are having trouble making your mortgage payments, you should discuss these options with your lender as soon as possible. Be ready to outline your current hardship and explain the reason and why this is a long-term problem. Your mortgage company will need to understand the reason you are having difficulty in order for them to find the right solution for you.

You may have some great feedback, we always love to hear from our readers.
We are also able to give you a FREE analysis of the current value of your home.
Please CLICK HERE to request or call 704-510-0099.

Advertising to sell my house can come in many different forms. Advertising is a communication intended to inform, educate, influence and remind individuals of your product. Effective advertising should capture the prospective customers’ attention and entice them to use your product. It should be catchy and interruptive, it should make people stop whatever they are doing at the moment, long enough to read, hear or watch the ad. Regardless of the method, advertising must be unique, credible, memorable, clear and consistently reflect the unique positioning statement of your business.

Marketing and advertising is an investment, not an expense. Enough money must be spent to provide a media schedule for ad frequency, the most important element for ad memorability.

Word Of Mouth

The most effective form of marketing is the word of mouth, the one that consumers trust above all others and the one that is most likely to drive sales for your company. Word-of-mouth advertising has existed as long as mankind has communicated and traded goods and services. People trust what their friends and family recommends several fold over any other form of marketing.

Social Media

Advertising to sell my house with social media. Another form of effective marketing is Social Media Advertising. It can be through Facebook Ads, Twitter and Instagram among others. Using these tools for advertising gives you the option of being able to target specific demographics. You can target people you have not reached yet and try to engage them. Users don’t always make a purchase through these mediums, however, they can still end up liking your business which gives you the opportunity to create a database of potential customer.

Many other forms of advertising exist, such as televisions, direct mail, billboards, newspapers and magazine. You can try out a few different forms to see which works best for you. The most important thing is for you as the Marketer to focus on engaging your consumer/customer, listen to what they have to say, be part of the conversation about your product. You will have to understand your consumer/customer, what they like about your product and to provide whatever it is they need from you. Let them know that they are important to you and that sharing their opinion is important to you. At the end of the day if the product is good, customers will come and they will keep coming back. So making sure that the customer has a great experience is always the first priority.

Advertising to sell my house

Dupont Real Estate would love to hear from you. If you have any comments or ideas we can share with our clients, please get in touch. If you have a question for our Real Estate Team, please email us at francine@dupontrealestate.com. Your answer may be part of our next blog article.

 

Mistakes Sellers Make

Mistakes sellers make can be avoided. When choosing a Realtor to sell your home, take time to pick one with an excellent reputation for listing homes. Choosing the wrong one will undoubtedly lead to financial and emotional headaches.

Here are several things to consider when choosing a Realtor so that mistakes can be avoided:

1. Hiring a Friend or Family

Choosing a Realtor, simply because she is your neighbor or family can be a very bad idea. Your top priority should be to sell your home for the best price as quickly as possible. By contracting with someone based on a relationship without scrutinizing out their credentials or references, the seller could be tied up in a contract that is not beneficial to them. If something goes awry during the process, it can cause conflict and can ruin or damage the relationship.

2. Listing with an agent who gives you the highest selling price

Choosing a Realtor because they suggest the highest price is a common mistake made by the home seller. You should hire someone who can give a strong market analysis to help you determine a reasonable price for your home and to avoid overpricing. It is important that your home is priced right to attract potential buyers.

3. Choose a Realtor based on Commission

Agents and real estate companies put up their own funds to market and advertise your home. Marketing and advertising will cost them money. So the lower the commission, the less incentive for an agent. A full service agent earning a full commission will often drop everything to handle any challenges that come along.  If a Realtor agrees to a lower commission with very little or no resistance at all, imagine how strong their negotiations will be on your behalf when you receive an offer. The seller needs to have more information about the Realtor’s experience and success and not rely solely on the fact of lower commission.

4. Hiring the so-called “neighborhood expert”

An agent living in the neighborhood doesn’t necessarily mean that they are better equipped to sell your home than someone who does not. Knowledge of the local market isn’t only acquired by living in the immediate neighborhood. A full-time realtor can get up to speed on a neighborhood fairly quickly by extensive research. Remember, selling a home is not location dependent it is about having the business skills.

5. Picking from an Open House

Open houses basic function is to connect the Realtor to other prospective clients. Yes, open houses can sell homes, but the percentage is so low. It is more of a way for the listing agent to advertise and to pick additional clients. Good agents know better than to pin all their selling effort on an open house. They should use their time in more effective marketing methods, not directly to the public but to other agents. By getting other agents interested in your home, your listing agent multiplies your sales force beyond just one individual.

Final Thought:

When choosing a Realtor, find out about their experience and success rate. Check their references and their satisfaction rate from their previous customer. As a seller, you have the right to choose the best person to fit your individual needs. Selling a home can be challenging, but with the help of a reliable Realtor, you can avoid making mistakes and reap the rewards of your sale.

We welcome your feedback and comments. We are also able to give you a FREE analysis of the current value of your home. Please CLICK HERE to request or call 704-510-0099

 

232 East Peterson Dr. CHARLOTTE, NC 28217 • Tours are $10, offered Saturdays at 4 p.m. and 5:30 P.M • Website

DocPortersGin-25Andy liz stilldoc2

 

 

 

 

 

Dr. Richard Porter, the grandfather of Andrew Porter (Owner & Distiller) was the inspiration and the name behind this venture. Brewing and Distilling have always been a passion for Andrew and a couple of years ago, he and his wife, Liz, started the journey of opening a grain to glass distillery. Their goal is to create great spirits and make the Queen City proud.

We had the pleasure of chatting with Liz Porter and this is her response to the questions we have asked her:

1. How long have you been in business? – We opened our doors for tours and tastings in November 2015 but have been working on getting Doc Porter’s up and running since late 2012. Starting up a distillery is a long and detailed process, but we think it’s been time well spent.

2. What do you love most about being your own boss? – We love running our own business because we get to decide what we stand for and what our brand is. For instance, it’s important to us to make everything from scratch using as many North Carolina agricultural products as possible. Some distilleries use bulk ethanol as a base for their products but we feel like a true craft spirit starts from scratch and is made by a passionate distiller from start to finish. We really want to educate consumers about grain-to-glass and what sets our products apart. It’s a much more detailed and time consuming production, but since we’re the bosses, no one can make us change our philosophy to save time or money.

3. What makes Charlotte so special? – Not sure where to begin with this one because we’re definitely passionate Charlotteans. Charlotte has big city culture, eats, and experiences, but it’s all packaged with friendly southern attitudes. After coming from the suburbs of much larger cities up north, it’s nice that strangers smile at you and strike up a conversation. People here take such pride in the city and we really hope to leave our mark on a city that we hope to stay in for a long, long time.

4. Have you always wanted to own your own business? – I don’t think owning our own business was something that we’ve both always dreamed of. It’s more doing something we love every day that was so appealing. The thing that we love just happens to turn itself into a business.

5. For someone visiting Charlotte, what is the one must see? – You’d have to be visiting on the right weekend, but the Fourth Ward Garden tour would be my choice. Andrew and I met in the Fourth Ward when we both lived there years ago, so it’s special for us to begin with but in my opinion, it is the absolute coolest part of the city. In the spring, when the homeowners open their city gardens up to the public it’s awesome. There’s so much history in that part of Uptown so it’s a must see for me.

6. What is your favorite local restaurant? – Tough call because we have so many, but if you’re going for a uniquely North Carolina experience, I’d have to pick Heirloom.

7. Do you see yourself opening another branch on other locations? – If business really starts booming, an expansion could be down the road. Not necessarily another branch, but maybe a larger facility.

8. Why do your customers stay or do repeat business with you? – We hope that people drink Doc Porter’s because it’s a fantastic product that they love. We don’t want to be a North Carolina novelty product, but rather, people’s spirits of choice because they’re just better and people enjoy them and are proud to drink them.

9. To what do you attribute your success? – We’re brand new so it’s tough to write about being successful in a business sense yet but the feedback that we’ve gotten from people that have tried our products is overwhelmingly positive. It’s incredibly encouraging and lets us know that if we keep on the path of making products we’re passionate about, we’re headed for success.

10. What do you look for in an employee? – Someone who is honest, believes in our philosophy, works hard and wants to be a part of starting something from the ground up. Definitely someone who understands that opening a new business is a struggle and a grid and wants to be a part of that without hesitation.

11. What is unique about your business? – Our products! We take products that people are passionate about (spirits – vodka, gin, bourbon) and have been drinking for a long time and make them personal. Rather than continuing to buy a spirit that’s cranked out of a giant factory, they now have an option that’s created from scratch, with care in their own city.

12. What are your responsibilities as the business owner? – Since we’re just getting started, we wear pretty much every hat at one time or another. Production, compliance, marketing, accounting, PR, hiring, tasting room staff…we do it all at one time or another.

Doc Porter’s Distillery is conveniently located along 232 East Peterson Dr. in Charlotte. You can take a 40 to 45 minute tour to learn all about vodka, gin and bourbon.  Andrew & Liz Porter clearly love what they do and they are very passionate about the craft.

You can reach us at (704) 266-1399 or you can visit our webpage here

You may have some great feedback, and we always love to hear from our readers. If you are interested you can also search homes by CLICKING HERE. We are also able to give you a FREE analysis of the current value of your home.

Help Sell Your House

A home is not only a place to reside but can also serve as a great investment. How can a homeowner make a return on their investment without breaking the bank at the same time maximizing their profit?

Below are some DIY tips that a homeowner can implement without going broke and can be done with little money.

Painting will help sell your house

Help Sell Your House

Putting up a fresh coat of paint can make a home seem new again. However, eye- catching paint job is a big no-no. When choosing paint colors, your best bet is to stick with neutral colors that will appeal to the greatest range of buyers. Yes, bland colors like white, beige or light grey doesn’t really beg for attention. But the point is you don’t want the potential buyers to see your personality on display, rather you want them to see a blank canvass that will allow them to envision making a space on their own. You don’t have to repaint the entire house though prior putting it on the market, you can redo one or two rooms. Kitchen and bathrooms are two main areas that needs complete paint job given the high traffic they see.

Floors

Prior to showing, mop the floors or vacuum clean your carpets. Refresh your hardwood floors and clean and polish vinyl tiles. You don’t need to replace them unless completely needed. Replacing it is a costly expense that will not add greater value to the home. First impression are lasting, so pay attention to the entrance area, you don’t want a potential buyer to walk in to see a floor strewn with boots and shoes.

Minor Repairs

It is important to make minor repairs prior listing, such as fixing sagging shelves and cracked clothes rod, replacing cracked siding boards or repointing brick walls. Check the operation of every door and window and be sure that all light fixtures and wall switches work. Making repairs ahead of time will reduce the chances of a potential buyer backing out of the deal or offer less money for the house.

Landscaping

First impression is formed the instant a potential buyer pulls into the driveway or clicks on its image on a web site. So make sure to create a good first impression by keeping your front lawn mowed and your garden weed-free. Tidy up shrubs and remove dead and broken limbs from trees. You can also add flower garden or some raised beds for a vibrant green space not only making sure that your yard looks better but also appeals to any buyer with a green thumb.

Backyard cleaning will help sell your house

Backyard is important to home buyers today, it gives them privacy from other homes. Prior selling you can paint your fence or hide it by installing a privacy screen or vertical garden. You can do also plantscaping using potted plants to create layers and visual excitement.

Try to avoid expensive renovations unless they are absolutely needed. In the end, buyers also have their own plans for renovating, so keep it simple.

You may have some great feedback, and we always love to hear from our readers. If you are interested you can also search homes by CLICKING HERE. We are also able to give you a FREE analysis of the current value of your home.

Real estate book- what is your favorite?

book 1 book 3book 2

There are thousands of books out there that deal with real estate investing and as a real estate professional there will always be more to learn. The actual act of selling a home is not that hard, it’s everything else that you need to do to have a successful career in real estate that proves more difficult. Take it upon yourself to learn how to develop your real estate marketing and grow your business.

Here’s a compiled list of the top books in the real estate genre based on popularity.

1. The Real Estate Book on Rental Property Investing by Brandon Turner – This book is designed to help you achieve your financial goals through the power of rental properties. Helped you to build an achievable plan, how to find incredible deals, pay for your rentals and many more. This book is a must if you ever thought of using rental properties to build wealth or obtain financial freedom.

2. The Ultimate Beginner’s Guide to Real Estate Investing by Bigger Pockets – this book was created to help new investors learn the best ways to get started and find their place. From real estate investing education to creating your plan, financing, exit strategies and choosing your niche. It simply breaks down and outlines the fundamental concepts of real estate investing and defines it in the most digestible way for beginners.

3. The Millionaire Real Estate Agent – is the step by step handbook for seeking excellence in your profession and in your life. Widely measured as the gold standard for books on how to be a successful real estate agent and has been recommended by mentors, brokers, trainers and coaches.

4. Your First Year in Real Estate – This book contains necessary knowledge you need to start off right in today’s immensely changed real estate market, avoiding first-year common missteps and get the inside edge that will take you to the top.

5. Other People’s Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made by Charles V. Baglic – The New York Times reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened.

Add these books to your library and get inspired to incorporate new success schemes and principles into your real estate business. Now it’s your turn. What’s your favorite Real Estate Book?

Please CLICK HERE to request or call (704) 510-0099. If you want to check out the homes for sale in your area. We are also able to give you a FREE analysis of the current value of your home.

 

Sugar Creek Brewing Company

215 Southside Dr, Charlotte NC 28217 • Hours: Mon – Wed: 4pm – 9pm; Thursday: 4pm – 10pm; Friday: 2pm – 11pm; Saturday: 11am- 11pm; Sunday: 12pm – 8pm • Website

Sugar Creek Pale Ale and Dubbel IGSugarCreekBrewingCompany.Logo

 

 

 

 

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The Sugar Creek Brewing Company is dedicated to brewing high quality ales in a style and commitment representative of the Belgian Trappist monks. Their philosophy combines the watchful eye of a Trappist Monk with the technical precision of a nuclear engineer to craft fresh, full-flavored beer that is immeasurably satisfying and intensely drinkable. Sugar Creek infuses traditional recipes with modern tastes and techniques to create beer that nourishes both mind and body.

They have Food trucks Mondays through Wednesdays and they serve their own food fare Thursdays thru Sundays. You should definitely try a Panini, they are to die for! They usually have free brewery tours on Saturdays too!

We had the opportunity to talk with one of the owners Eric Flanigan and here’s what he has to say..

How long have you been in business?  Sugar Creek Brewing Company is just over a year old.  We’re celebrating our two year anniversary on October 15, 2016. Mark your calendars, we have some really awesome things lined up for the party.
What do you love most about being your own boss?  My favorite thing about being my own boss is coaching and developing staff.  Joe Vogelbacher (the other owner) and I also enjoy creating a positive company culture.

What makes Charlotte so special?  The people are the best! You can’t beat the Southern Hospitality found in this city.

Have you always wanted to own your own business? Yes.

For someone visiting Charlotte, what is the one must see?  If you’re visiting Charlotte you need to check out the White Water Center.  They have something for people of all ages.
What is your favorite local restaurant?  There are way too many great restaurants in Charlotte to pick just one!

Do you see yourself opening another branch on other locations?  Sugar Creek beers will be available in Greenville, SC and Columbia, SC starting on June 20th.  Raleigh and Charleston would be two other areas that would be great to have a presence in.

Why do your customers stay or do repeat business with you?  Our customers appreciate our relentless commitment to brewing high quality, great tasting beer.  In addition to that, we have a lot of repeats Tap Room customers, because our team does a great job making each customer’s experience one they take with them far beyond the brewery walls.

To what do you attribute your success?  Our success can be attributed to old fashioned hard work.  Every person working at our brewery works their tail off and goes above and beyond.

What do you look for in an employee? We look for people who are genuinely passionate about beer and their job.

What is unique about your business? Everyone at our brewery has some level of Cicerone certification. The Cicerone Certification Program certifies and educates beer professionals so they know how to serve, store, taste and pair beers.  We think beer education is extremely important. We want to be able to share that information with our beer drinkers, so they can have the best drinking experience possible.

What are your responsibilities as the business owner?  That’s a loaded question! I do more things than I can list, but I mainly focus on developing our team, overseeing distribution and wholesale account sales, coordinating production and brand presence.

The Sugar Creek Brewing Company is such an awesome brewery! Beautiful settings, delicious brews and great service. Almost everything they do is exemplary and among the best available in the area. And if you are looking for a large room to host an event, they have a side room that they can set up for your group that is an ideal place to have a reception. Sugar Creek Brewing is definitely a can’t miss if you are beer-venturing in Charlotte.

You can reach us at (704) 521-3333 or you can visit our webpage here

You may have some great feedback, and we always love to hear from our readers. If you are interested you can also search homes by CLICKING HERE. We are also able to give you a FREE analysis of the current value of your home.

 

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